Examples of Prospect Fee in a sentence
Upon Participant paying the Prospect Fee, together with its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of an Obligation Well, Participant shall be assigned an undivided interest in and to the Leases equal to Participant's Interest of PetroShare's interest in the Existing Leases as to the unit for such Obligation Well, and as to all depths from the surface to the deepest depth drilled in the Obligation Well.
Upon Participant paying the Prospect Fee and its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of the Obligation Xxxxx, Participant shall also be assigned an undivided interest in the Existing Leases that are not included in the units for the Obligation Xxxxx.
Upon Participant paying the Prospect Fee, together with its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of an Obligation Well, Participant shall be assigned an undivided interest in and to the Existing Leases equal to Participant’s Interest of PetroShare’s interest in the Existing Leases as to the unit for such Obligation Well, and as to all depths.
Participant shall pay an aggregate prospect fee to PetroShare upon the execution of this Agreement equal to the sum of Seventy Five Thousand Dollars ($75,000) ("Prospect Fee").
The “error” in adding the Prospect Fee twice is not corrected in the end of April, 2014 (or May or June) payout calculation either (when suddenly a well drilled in July, 2013 increases in cost from $1,005,514–already up from the$1,004,521 documented with AFE detailed costs–to $1,007,445–with neither of the higher figures ever documented by any additional expenses allegedly incurred).
Discussion: The Highway Committee discussed that there was $632,000 in carry over from last.
Transferor hereby represents and warrants that the Prospect Fee is the amount originally paid by Transferor to the Exploration Companies under the Dolphin Participation Agreement.
Within seven (7) days of execution of this Participation Agreement Ridgewood will pay to Devon a Prospect Fee of $750,000, proportionately reduced to Ridgewood's earned interest.
COI agrees to pay the Prospect Fee simultaneously with the execution of this Agreement.
One of the conditions in this con- tract stipulated the period of the loans during which the student was to be exempt from the payment of interest.The certificate of loan, issued by the Department and signed by the student as well as the financial in- stitution, is in the form of a contract and the clauses setting out the conditions of the loan contain numerous references to “this contract”.